16,370 Shares in VanEck Semiconductor ETF $SMH Purchased by Adapt Wealth Advisors LLC

Adapt Wealth Advisors LLC acquired a new stake in VanEck Semiconductor ETF (NASDAQ:SMH) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 16,370 shares of the company’s stock, valued at approximately $5,343,000. VanEck Semiconductor ETF comprises about 2.0% of Adapt Wealth Advisors LLC’s investment portfolio, making the stock its 12th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of VanEck Semiconductor ETF by 93.3% during the second quarter. JPMorgan Chase & Co. now owns 1,458,395 shares of the company’s stock valued at $406,718,000 after buying an additional 703,799 shares during the last quarter. Menora Mivtachim Holdings LTD. raised its stake in VanEck Semiconductor ETF by 15.5% during the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 573,500 shares of the company’s stock valued at $159,938,000 after acquiring an additional 77,000 shares in the last quarter. Meitav Investment House Ltd. boosted its position in VanEck Semiconductor ETF by 17.0% during the 3rd quarter. Meitav Investment House Ltd. now owns 556,289 shares of the company’s stock worth $181,266,000 after acquiring an additional 80,957 shares during the period. Raymond James Financial Inc. boosted its position in VanEck Semiconductor ETF by 8.3% during the 2nd quarter. Raymond James Financial Inc. now owns 534,989 shares of the company’s stock worth $149,198,000 after acquiring an additional 40,831 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of VanEck Semiconductor ETF by 8.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 485,249 shares of the company’s stock worth $135,326,000 after purchasing an additional 37,955 shares in the last quarter.

VanEck Semiconductor ETF Stock Up 1.2%

Shares of NASDAQ SMH opened at $415.03 on Friday. VanEck Semiconductor ETF has a fifty-two week low of $170.11 and a fifty-two week high of $420.60. The firm’s 50-day simple moving average is $387.49 and its 200 day simple moving average is $349.28. The stock has a market cap of $45.36 billion, a P/E ratio of 34.83 and a beta of 1.52.

VanEck Semiconductor ETF Announces Dividend

The business also recently announced an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a dividend of $1.1047 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a yield of 31.0%.

VanEck Semiconductor ETF Company Profile

The VanEck Semiconductor ETF (SMH) is an exchange-traded fund that is based on the MVIS US Listed Semiconductor 25 index, a market-cap-weighted index of 25 of the largest US-listed semiconductors companies. SMH was launched on May 5, 2000 and is managed by VanEck.